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It really depends on the item. My usual limit on used locos from eBay is around £20 or so, and my limit for new would be around £100 unless it has something special - for example, I would go over that for a BLI E5 if they ever bring one out (hint hint if anyone from BLI reads this!). I've taken a look at the Lionel Turbine as my LHS is advertising them for around £175, though I'm not sure if they have any in stock and it wouldn't really suit my layout as I run end to end on a shelf. Rolling stock is similar - £30 or so for passenger, £15 for freight, though again there are exceptions.
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